Mansfield, GA · Member since 2014 · 12 posts · 4 votes
Hello everyone, finally looking to sell one of my rental houses. We are in the process of finishing up the renovations to bring it up to date and just curious if anyone has any ideas on really determining the ARV and also have a recommendation of what a sellers agent should be presenting me as I get ready to list it.
@Steven Frey hi Steven, the best/ideal way to determine the ARV would be to have an actual appraisal done once the reno is done. Aside from going through the trouble of actually doing that though, getting an experienced agent who knows the local market here to research the comps for you, and suggest a value based on those similar, recently sold homes.
As for what a good agent should present to you, you should expect a full, well-researched CMA of similar properties, including both recently sold homes as well as ones currently listed for sale.
You could always try to do it yourself with realtor.com and other sites like that, but there's always going to be some info/small details that would be hard to find without a good agent's resources. I know Gwinnett very well, so feel free to PM me for help if you'd like.